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upr000119-193
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I agree.LAS VEGAS LAND % AND WATER COMPANY RESOLUTION American Can Company C.L.D. 15914 On motion duly seconded* it was RESOLVED* that the action of Vice President J.W.Godfrey Assistant Secretary P. A* Schmitz in executing Lease Agree-ment No. C.L.D. 15914, dated January 11, 1968 between Las Vegas Land and Water Company and American Can Company, a New Jersey corporation, leasing a certain portion of Land Company premises together with the warehouse, office ouilding and spur track located thereon, at Vernon, Los Angeles County, California for storage and warehousing purposes, for a term of two (2) years and three (3) months commencing on January 1, 1968 and extending to and including March 31, 1970; rental for period January 1, 1968 to and including March 31, 1968 to be at the rate of $1,000 per month and thereafter for the duration of the term, rental to be at the rate of $2,300.00 per month; Lessee shall pay all taxes and assessments levied or assessed upon premises, buildings and improvements thereon, with exception that any assessments for public improvements or benefits assessed against leased premises, shall be paid by the Land Company and Lessee shall pay to Land Company interest thereon at rate of five per cent (5%) per annum until termination of agreement; Lessee not to sublet or assign lease without written consent of Land Company; and